Cruising Crypto Highs: Unraveling the Bullish Wavehello guys...
as you can see the price once broke up the ascending channel as well. and hunt the last range or consolidation!
as you can see from the bottom of the range the price hunted before!
so we can assume the first hunt was manipulating and the main trend is bullish!
______________________
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
TOTAL trade ideas
TOTAL MARKET CAP update - choose your poison degenTOTAL MARKET CAP update - choose your poison degen
update
i am going to use this as a guide, breakdown is quite clear, just keep a level head and if we start diving below; pull the plug. if we go up for now again then you can thank ,,, this crazy market.
zoom out on the map to see the only two points in history that have the same momentum signature.
gl
Crypto Market Insight: Navigating Shifts in Market CapThe first chart highlights the total market cap, indicating the total volume traded in the crypto market. It shows two critical zones - resistance and support - which vary depending on the price's position relative to these zones. If the price is below, we consider it resistance; above, it's support.
From a technical analysis standpoint, we observe significant resistance in the upper zone, with prices attempting, but failing, to break through, indicating strong sell pressure currently.
What does this mean in simpler terms? It suggests a potential short to medium-term decrease in investment flow into the crypto market. This is further supported by the presence of another important zone below. Technical patterns often see prices retest these zones from the opposite side after a breakout. Since the lower zone hasn't been retested as support, we might anticipate a drop in market cap from $1.8-$1.5 trillion to $1-$1.2 trillion.
Conclusion: In the short to medium term, we might witness a reduction in the overall crypto market cap and Bitcoin prices, potentially increasing BTC dominance. This aligns with the broader market strategy of preparing for multiple scenarios, ensuring readiness for any market movement.
Disclaimer: This analysis reflects my perspective and should not be the sole basis for your trading decisions. Always prioritise risk management and remember that trading involves risks.
TOTAL - Facing Some ResistanceTOTAL cryptocap is facing some resistance here at the 0.382.
If we break above with a monthly candle close then the 0.618 is very likely to be hit.
For the time being, we need to watch our lower targets. The 0.236 and the green box I have drawn.
This would put the entire crypto market somewhere between 950B and 1.25T where our next macro low could be based strictly on the TA.
📉 Crypto Total Market Cap ($TOTAL) Analysis 🌐📊 Current Market Status:
Total market capitalization once again trading at resistance.
Retesting the previous support line at $1.6T.
🔄 Potential Scenarios:
If rejected at current resistance, possible downside to $1.52T, and further to $1.4T - $1.45T.
Breakthrough at $1.6T may lead to the next resistance at $1.8T - $1.9T.
📣 Conclusion:
Current status involves testing key resistance and previous support levels.
Scenarios include rejection with potential downside or breakthrough to higher resistance.
Stay tuned for evolving market trends! 📰💹 #CryptoMarket #TotalMarketCap #MarketWatch 🌐📊
MARKETS week ahead: January 29 – February 4Last week in the news
A new week and a new ATH for the S&P 500 during the first trading month in a year. Positive market optimism continues to be supported with expectations on forthcoming Fed rate cuts. On the other hand, the ECB meeting held during the previous week revealed potential for April`s rate cuts in the Euro Area. At the same time, USD, US Treasuries and Gold were holding relatively steady, while the crypto market increased its weekly volatility. Bitcoin ended the week with a bounce above the $ 41K, after shortly testing the $38K support.
The market optimism which is reflected in the value of US equity indices continues to be supported by relatively solid US economic data. The preliminary US GDP growth rate for Q4 of the previous year reached 3.3% for the quarter, which was still above forecasted 2.0%. A drop in inflation has fueled consumer spending, supporting the economic output of the county. Although figures are showing improvement of the economy, there are analysts who are pointing to potential risks that might impact the economic output in 2024, which are related to geopolitical issues and potential other supply-chain disturbances which might trigger another surge in inflation and slow-down of economic growth. Still, considering a new ATH of the S&P 500 it seems that the market is currently not pricing any of these potential risks.
The European Central Bank held a meeting during the previous week, where it left Euro rates unchanged, at 4,5%. In an after the meeting speech of ECB president Lagarde, market expectations were heated regarding the ECB`s possibility for its first rate cut from April this year. This was supported by the positive outlook for the EU economy, as perceived by ECB members. However, President Lagarde did not comment on any potential rate cuts for the moment.
First data related to the BTC ETF show that BlackRock's ETF is currently the first one to reach $2 billion in value of assets under management. Total tokens held by the IBIT is currently around 50.000. The fund is followed by Fidelity's ETF (FBTC), which already reached $2 billion in value of assets. As per available data, the Grayscale`s ETF currently manages $30 million value of funds, after experiencing high outflow for the last two weeks. Analysts from Bloomberg Intelligence are reporting a net outflow of funds from all BTC linked ETFs by $158 million on Wednesday. As reported, the inflows of funds are modestly weakening during the last couple of days.
The SEC`s approval of the first ETH Ethereum is still pending, and will be so for some time in the future period, based on SEC`s response to BlackRock`s and Fidelity`s filings. Namely, the SEC officially published that it needs a longer period of time and cannot provide an accurate answer at this moment. The date mentioned in SEC`s official letter, published on their website, is March 10th 2024, as the date of the final decision for the first ETF Ethereum.
Crypto market cap
While the US stock market continues to rally, the majority of crypto investors are asking what is going on with the crypto market after the approval of the first BTC ETF. There are several issues related to BTC`s increased volatility during the previous weeks. On one side it should be considered speculative money which strongly flowed to the BTC market on the first news that an ETF might be approved. These funds are now moved from the crypto market, after the collection of short term profits. The second topic which should be considered is that investors, who wanted to have an exposure toward crypto, already had an opportunity for that through BTC-linked ETF`s and other derivative products. Predictions of several analysts prior to the SEC`s approval were quite positive, noting that the price of BTC will skyrocket. However, the reality check showed that BTC entered into the mainstream, and is there to stay, in which sense, it cannot be expected in the future the same behavior as BTC did in the past. The higher adoption by the mainstream means a higher inflow of funds, higher availability of coins which all decreases the potential for higher fluctuations in the price of BTC. Same like with the FX market, if someone wants to make a significant move in this market, it will need to have a substantial amount of funds to make a difference in price. At the bottom line, that means huge institutional investors or central banks. Instead of some huge movements in the price, small investors and crypto enthusiasts should expect a lower BTC volatility in the future period, which is actually, the best thing which could happen to the BTC. Total crypto market capitalization decreased by 1% on a weekly basis, with an outflow of $21B in the value of the market. This week`s decrease was led by ETH, and not BTC. Daily trading volumes further decreased to the level of around $85B on a daily basis, from $99B traded two weeks ago. Total crypto market capitalization decrease since the beginning of this year stands at 4%, with a total $ 70B lost in value of the market.
BTC was not the coin which led the total crypto market value decrease during the previous week. It was actually ETH, with a loss of $24B or 8% on a weekly basis. The SEC issued an official letter that the decision on the approval of the first ETH ETF is postponed for March this year, which impacted market sentiment for this coin. Regardless of a drop in the price during the week, BTC ended it by 0.8% higher from the end of the week before, adding $ 6B to its market cap. Other altcoins were traded in a mixed manner. Highest gainers in a relative terms were Miota, with an increase of more than 10% in value, Maker was up by 4% on a weekly basis, while Bitcoin Gold and Bitcoin Cash were traded higher by 2.6% and 2.3% respectively. Among altcoins which lost in value during the week were Litecoin, with a drop of 5.14%, LINK was down by around 10%, Uniswap decreased its value by 8.8%, while ZCash was traded lower by 5.3%.
Increased activity with coins in circulation continues from the start of this year. Tether gained 1.0% during the previous week, increasing its total value by this percentage. Miota also continued to increase the number of coins in circulation by 0.6% during the course of the previous week, while Filecoin`s coins increased by 0.5% w/w. Litecoin was one of rare coins on the market which decreased its circulating coins by 4.0% compared to the week before.
Crypto futures market
Although usually the crypto futures market reflects developments on the spot market, during the previous week ETH short term futures experienced higher drop in prices from the actual developments on the spot market. One of the reasons could be found in the fact that the SEC made an official postponement of its decision for the first ETH ETF. ETH short term futures ended the trading week less than 10% lower from the week before. Long term futures also dropped by more than 9%, for all maturities. Regardless of a drop, futures maturing in December this year are still holding above $2K level, with last traded price at $2.341. Futures maturing in December 2024 were last traded at price $2.474.
In line with the spot market, short term BTC futures ended the week 0.9% higher from the week before, while long term futures experienced a drop in prices by more than 2% for all maturities. December 2024 futures were last traded at price $42.700, while December 2025 continues to hold above $45K, with last traded price at $45.870.
Crypto Total Market Cap Monthly ChartHere is my Elliott Wave analysis of the total crypto market cap on the monthly chart.
I believe that we are currently within an Impulsive Wave 5 and I'm projecting that it will reach its target at an approximate $7T market cap in Nov 2025. Further explanation of the chart below:
- The Corrective Wave 2 which corresponds with the Bear Market from Jan 2018 to Dec 2018 took ~334 days.
- The Impulsive Wave 3 which corresponds with the Bull Market from Dec 2018 to Nov 2021 took ~ 1066 days. The 0.618 golden ratio served as heavy resistance and the price was rejected from this level. It then retested the yellow line as critical support followed by consolidating within the yellow box before breaking out of the 0.618 resistance a few months after the Bitcoin Halving in May 2020.
- The Corrective Wave 4 which corresponds with the Bear Market from Nov 2021 to Dec 2022 took ~395 days. We can clearly see this as a fractal when compared to the Corrective Wave 2 Bear Market which took ~334 days!
- The Impulsive Wave 5 which corresponds with the current Bull Market from Dec 2022, I predict will be a fractal of the Impulsive Wave 3 Bull Market. We can see for example that price is rejecting from the 0.618 golden ratio. I predict that price will likely come back to retest the yellow line as critical support followed by consolidating within the yellow box and then finally breaking out of the 0.618 resistance a few months after the upcoming Bitcoin Halving in April. I also predict that this Impulsive Wave 5 will take ~1066 days and end in Nov 2025 confirming the fractal of Impulsive Wave 3 which also took ~1066 days.
Happy trading! :)
The Big Squeeze, on board with Bitcoin & PEPE, Alts in between!Le Bid Squeeze in on!
Shorting Bitcoin scammers, shorting in a no-supply zone.
Savvy Retail buying everything they can fast.
Walls Street's dumb money at work.
Institutions only own 10.3% of Bitcoin.
Retail is in control of holding their 18%+ share of Bitcoin and buying more. This is huge!
Please watch ''Feels Good Man'', a documentary on Matt Furie vs. the KeKers.
Trumpoo, the KeKer in Chief wishes to rule KeKistan again.
You can watch this Sundance award-winning documentary for free on the Tubi app.
The ''God and Country'' documentary, from Katherine Stewart's book, is coming out soon.
You can watch an insightful interview on YouTube. Just search the following as I can post links here: GOD & COUNTRY: Dictators, Democracy, and the New Documentary on Christian Nationalism.
The Uber Elites Bankers' Wars since the creation of the bearer bonds must end.
The fiat standard is based on plebs' debt enslavement as this K economy only favours the wealthy.
The cycle of fascism and the 57 dictatorships are rekt.
Women, Life, Freedom for all.
We are in the age of Aquarius and the world is ready for Web3 governance, like in Taiwan.
Peace on Earth,
OMS
Let' see what happens hereThe purpose of this idea is neither educational neither to explain the market. It is just one perceptive to open possible discussions.
The symbol here is total market cap with dollar ( DXY) Factor removed.
Time fib suggestion is the new bullish cycle should around January 23.
What you think ?
MARKETS week ahead: January 22 - 27Last week in the news
The market optimism continues to hold on financial markets for the second trading week in a year. The S&P 500 reached new all-time highs, surpassing the highs from the year 2022, reaching level of 4.840 on Friday. As USD gained a bit in strength, the US Treasury yields followed the path, while Gold remained relatively stable during the week. The crypto market continues to slow down after the approval of the first BTC ETF, with Bitcoin ending the week above the $41K.
The most important news from the previous week is certainly a new ATH of S&P 500, reached at Friday`s trading session. The highest level reached was 4.840, still strongly supported by the tech companies. Investors continue to trade with a positive sentiment at the beginning of this year, supported by the good economic performance of the US economy and in expectation of forthcoming rate cuts. However, CNBC summarized the current market sentiment as investors "focus on good and ignore the bad, no matter how bad the bad parts might look sometimes". The “bad” part relates to the Fed`s expectations of a slow down of the US economy in the coming period, as well as currently strong geopolitical uncertainties.
The annual gathering of the World Economic Forum in Davos, Switzerland, was another topic which occupied the news during the previous week. Considering that this meeting gathers all important world economic and political leaders, it is closely watched by investors. When it comes to the EU economy, the ECB President, Christine Lagarde noted that the economy will most certainly not return into a “normality” during this year, but is more positive when it comes to developments in 2025. She sees consumption, trade and inflation as topics which need to return to the “normal”, which means to the levels prior to the pandemic. However, on the opposite side was German Minister of Finance, Christian Lindner, who perceived developments in 2023 as a “new normal” in contrast to Lagarde`s “normalization”. He is supporting his standing taking into account current trends in the world, which is characterized with high geopolitical uncertainty, high oil prices, higher debt levels and low global growth perspectives, but he also noted developments around artificial intelligence.
News is reporting that JPMorgan analysts are giving the 50% chance for the first ETH ETF to be approved. Their standing is supported by the fact of currently many outstanding SEC lawsuits against crypto exchangers for their product of staking crypto coins, where majority of the staking products is related to ETH. In this sense, the Bank analysts are noting, until these are resolved the SEC might postpone its decision on Ark21Shares filing for the spot ETH ETF, which is due on 23th May this year. At the same time, ARK and its founder Cathie Wood are shorting holdings of BITO (ProShares Bitcoin ETF) and are moving funds into its own ARKB, the bitcoin ETF, as per news reports.
Crypto market cap
While stock equities are again in the spotlight of investors, pushing the S&P 500 index to its highest levels ever, the crypto market continues to slow down for the second week in a row. There is a modest transfer of funds, where speculative money, invested in expectation of the significant increase in the price of BTC after the approval of the BTC ETF, is now searching for new opportunities for a short term profits outside the crypto market. Although it seems that the fun days of BTC and ETH are over, still, the crypto futures market is showing a completely different picture. Namely, investor’s expectations for the future price of BTC are quite positive, where futures maturing in December 2025 reached the price above the $47K level within the first week of trading. Total crypto market capitalization decreased by 3% on a weekly basis, with an outflow of $50B in the value of the market. Daily trading volumes also dropped to the level of around $99B on a daily basis, from $174B traded two weeks ago. Total crypto market capitalization decrease since the beginning of this year stands at 3%.
For the second week in a row, Bitcoin is the coin which is mostly dragging the crypto market to the downside. Although two weeks ago the crypto market was traded in a mixed manner, still, during the previous week the majority of crypto coins lost in value. BTC finished the week 3% lower from the week before, losing more than $25B in value. ETH followed the path of BTC, with a drop in value of almost 4% or $12,2B. Among significant weekly losers in nominal terms were XRP, with a drop in value of $1.3B or 4.3%, Cardano was down by $1.2B or 6%, Polkadot was down by 1.4B or almost 14% on a weekly basis. Among other coins which lost in value were Ethereum Classic, with a drop of 15%, Bitcoin Gold was down by 20%, while Miota and Algorand lost more than 10% in value. There were only a few coins who finished the week with a gain, like Binance Coin, which managed to attract more than SEED_TVCODER77_ETHBTCDATA:1B in value, increasing it by 2.3%, while LINK managed to increase its value by 11.4%.
Increased activity with circulating coins also continues for the second week in a row. The most significant change occurred with BNB coins, where 1.4% of circulating coins were withdrawn from the market. At the same time, Polkadot decreased the level of circulating coins by 3% within a single week. The majority of other altcoins had a modest increase in coin on the market, ranging around 0.1%, where Polygon had an surge of 0.6% while Maker`s number of coins were up by 0.2%.
Crypto futures market
In line with the spot market, the crypto futures market also slowed down during the previous week. Still, developments are showing that investors continue to be positive about the future prices of both BTC and ETH. Previous week two new maturities were listed on the CME for both coins, for June 2025 and December 2025. During the first week of trading, BTC`s December 2025 futures ended the week at price above the $47K, while ETH futures for the same maturity were closed at price $2.728.
BTC`s short term futures dropped by more than 4%, but still were trading above the $41K. Although longer term futures dropped by more than 11%, still the prices were holding above $43K. Futures maturing in December 2024 ended the week at price of $43.860, while March 2025 was last traded at $44.675.
ETH short term futures were last traded lower by more than 1% compared to the previous week, while longer term ones were down by less than 6%. Futures maturing in December this year were last traded at price $2.584, while those maturing in March 2025 closed the week at price $2.618.
TOTALMARKETCAP (Y24.P1.E1) At strong resistanceBased on fib channel and standard fibonacci, the Total market cap is at strong resistance and this could be a short term corrective wave (elliot 5 count formation). This also would align well with the BARR structure for a continuation pattern.
There is also the bearish scenario but its hard to see that coming with the SPOT ETF approval. Usually I would think based on BTC hitting the 618 fib, that we repeat something like 2018, to 2019 but the expectations on the SPOT ETF makes it hard.
Time will let us know and this one is not easy and will not get easy anymore.
Onchain data tells us that the BTC is in short supply.
All the best,
S.SAri
My total market cap price predictionJust some guessing here based on some Fibonacci lines. But if my predictions come out, then we'll have a 4 Trillion total crypto market cap around may 2025.
This could also be the top of the next bull market and a huge opprtunity to lock in profits.
For the short term I expect a pullback to the last major support. But after that...
$CRYPTOCAP:TOTAL | Unchained !Hi fam,
Hope you having a good time in crypto space.
As i promised and shared screen shot of CRYPTOCAP:TOTAL charts in the channel now I'm going to leave a chart here for easier access.
first we detected a range in our chart then followed trend action. after breaking out with high volume and making a successful S/R test it become more obvious to us that green candles are on the way.
(i will share some screen shots of the progress.)
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In this chart i pointed to critical levels that may affect uptrend and make a pause in it. As a conservative trader, at these levels i will take profit and reduce my open positions to secure profits and get ready for fresh waves.
** 1.65T $ - Previously support level that lost in May 2022 - This level hasn't been tested as a resistance since that time but must be watched closely for any reversal candles in D1 or W1 time frame.
** 1.8T $ ~ 1.85T $ is a known resistance level and this level is my main target before market correction. i will absolutely minimize my open trades.
** There will be shakeouts in all charts. try not to miss the main picture.
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As always, These are my ideas and can be wrong. Please DYOR.
Stay Safe,
Stay Rich,
Crypto market and my personal concernsAs of the current moment, I do not have any active trades in the cryptocurrency market.
I have closed all of my long positions, though I have not yet transitioned to short positions—at least not as of now.
The purpose of this post is to address some specific concerns:
First and foremost, considering common sense factors:
- The overall sentiment in the cryptocurrency market is undeniably bullish.
- Technically, the majority of charts exhibit a bullish trend.
- Fundamentally, various factors such as ETF, halving on BTC, and the US Election contribute to a positive outlook.
- The prevailing sentiment across the internet strongly indicates the possibility of a new bull run.
However, I find it disconcerting when everything appears too clear-cut.
Secondly, from a technical standpoint:
1. Contrary to the overall bullish sentiment, the past month has not been favorable, with weekly candles showing long upper tails.
2. The 1.7-1.8 level holds historical significance as an old liquidity and support level, now acting as resistance.
3. Observing the pattern since October 2022 reveals the formation of an ascending broadening wedge, typically indicative of a reversal pattern.
In light of these observations, it is essential to exercise caution and not FOMO, at least from my perspective.